Sell Alert: Book An 86% Gain On Our Starbucks Put Spread

Based on overnight futures trading, it looks like a reversal of the March rally is underway. There is more downside risk in many consumer discretionary stocks like SBUX. But Starbucks’ decline is more about company-level challenges than it is about macro risk. Our $80 price target for June is now within reach – much faster than we expected. So, let’s take profits now on this position.

You Must Be A Subscriber To View This Content.

If you are already a subscriber, click the login button below to get access. Not yet a subscriber? Checkout our publication below and get access today!

Jim Rickards’ Crash Speculator

LoginGet Access

Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

View More By Dan Amoss